Investing in Philadelphia

[Matt Lopez]

I grew up in NJ, not the biggest fan of Philadelphia however south Philly, more specifically Passyunk ave is a nice neighborhood and even has STR potential. Is now a decent time to buy? Lock in a decent sales price in the winter walk into 10k of equity hopefully and refinance the rate if and when they drop.

Im from the camp of believing rates dropping, coupled with a spring or summer market will increase sales prices.

This would be an appreciation play. Portfolio has a duplex already, that im currently hacking. I would move into the Philly property and rent the duplex, both units now and will be cash flowing 400-500$.

Anyone like Philly???

[Alan Asriants]

Hey Matt, Philly can be a great market to invest, and knowing the neighborhoods is very important as the variety of areas can be drastic. 

I am an investor and agent in the area and would be happy to connect and share with you my experience living and investing in the area.

That area right now is a Buyers market and its possible to scoop up some deals. Suburban markets are more Seller markets.

Reach out anytime!